PT United Tractors Tbk (OTCMKTS:PUTKY) Trading Up 0.7% – Time to Buy?

Shares of PT United Tractors Tbk (OTCMKTS:PUTKY) shot up 0.7% during mid-day trading on Wednesday . The stock traded as high as $34.2890 and last traded at $33.7360. 4,107 shares were traded during mid-day trading, a decline of 68% from the average session volume of 12,789 shares. The stock had previously closed at $33.49.

PT United Tractors Tbk Price Performance

The business has a 50-day moving average of $32.48 and a 200 day moving average of $29.54.

PT United Tractors Tbk Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 10th were given a dividend of $0.4745 per share. This represents a dividend yield of 565.0%. The ex-dividend date was Thursday, October 9th. PT United Tractors Tbk’s dividend payout ratio is currently 0.00%.

About PT United Tractors Tbk

PT United Tractors Tbk, together with its subsidiaries, sells and rents heavy equipment in Indonesia. The company operates through six segments: Construction Machinery, Mining Contracting, Coal Mining, Gold and Other Mineral Mining, Construction Industry, and Energy. It also distributes heavy equipment, trucks, cranes, and busses under the Komatsu, UD Trucks, Scania, Bomag, Tadano, and United Tractors names to mining, agriculture, constructions, forestry, as well as material handling and transportation.